The 21 categories I suggested in the survey were:
· Strategic planning Succession planning
· Sales and marketing Competition
· Skills gap Lack of business insight
· Time management Delegating
· Financial planning Asking for help
· Compliance Managing stress
· Personal growth Self doubt
· Flexibility Talent management
· Finding the right team Change management
· Decision making Work life balance
· Training and development
I was fully expecting ‘work life balance’ to hit the top of the list; or possibly financial planning or even perhaps, managing stress. But you can see from the results below my top 3 weren’t even in the top 5:
1. Time management
2. Sales and marketing
3. Self belief
4. Self doubt
5. Strategic planning
6. Asking for help
7. Change management
8. Decision making
10. Work life balance
11. Financial planning
12. Succession planning
14. Personal growth
15. Lack of business insight
17. Managing stress
19. Skills gap
20. Training and development
21. Talent management
I guess my big surprise was how high in the rankings ‘self belief’ came. I guess we think that entrepreneurs are imbued with massive doses of self confidence – not so it seems.
And of course, for me, an HR consultant, I guess the fact that skills, training and talent management were at the bottom of the list was worrying, because no business can be built with one person, we all need a good team around us, and having found great people we surely need to look after them.
However, an interesting exercise.
The training company AudioNova are now working on building a range of mini training products for entrepreneurs to address their fears and help them seriously grow their businesses.
I guess the big message that came out of the exercise for all of use was – never assume you know what people are going through. When in doubt – ask.
About the author:
Ann Andrews is an HR Consultant, published author, profiler and team specialist. She is passionate about helping businesses grow through growing their people.
Ann Andrews CSP
MD The Corporate Toolbox
Co-creator of www.mycorporateguide.com